Consumption in local businesses gains 79% preference of Brazilians

79% of Brazilians preferred to consume in local businesses during the pandemic, according to the study conducted by Mastercard. According to the data, 91% of those surveyed should continue this habit after the pandemic. Among Brazilian respondents, 64% are actively buying to help independent shops, 87% said that the last few months have made them more aware of those in need, and 88% said they feel a greater sense of community now.

Source: Money Times

Vale and Minas ran out of deals for Brumadinho for $2.1 bn difference

Vale and state authorities reduced their gap in negotiations for a possible global deal to repair damage from the Brumadinho disaster to R$11 billion ($2.1 bn) before the talks ended unsuccessfully. Authorities in Minas Gerais had agreed to reduce the amount to be paid by Vale to R$40 billion ($7.5 bn), compared to R$54 billion ($10 bn) previously requested. Vale offered R$29 billion ($5.3 bn), which led to failure in the search for a settlement.

Source: UOL Economia

With pandemic, games market grows 140% in Brazil

One of the main ways out used by Brazilians in the face of the pandemic and social isolation were electronic games. Proof of this is that financial transactions made on major gaming platforms and consoles grew 140% in 2020 compared to 2019, according to a study by Visa cards. According to the company, there was also a 105% increase in the number of cards purchased for games or extensions between October 2019 and September 2020.

Source: Valor Investe

Omega Generation announces follow-on that can move $188 mm

Omega Generation announced a share offering with secondary distribution of 24,479,998 papers, which it expects to price on the 28th. Considering the closing price of R$ 41.75 ($7.8) on the 22nd, the follow-on, which has Itaú BBA as coordinator, may move R$ 1.022 billion ($188 mm). The offer will have as selling shareholder the investment fund Bolt, managed by Santander, Caceis Brasil Distribuidora de Títulos e Valores Mobiliários S.A. and managed by Tarpon Gestora de Recursos S.A.

Source: Money Times

GDP Monitor points to 1.1% rise in November over October 2020, says FGV

Brazil’s GDP advanced 1.1% in November compared to October 2020, according to the GDP Monitor, compiled by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV). Compared to November 2019, the economy fell 0.6% in November 2020. The 1.1% growth of the economy in November compared to October reflects the growth registered in the three major economic activities (agriculture and livestock, industry and services).

Source: Correio Brasiliense

Aeris negotiates $463 mn contract to supply Siemens Gamesa with wind blades

The wind turbine blade manufacturer Aeris is in negotiations with Siemens Gamesa for a potential contract whereby it would supply the company with equipment with a capacity equivalent to 3.3 gigawatts, the company said in a relevant fact. The contract would, in principle, run until 2024 and have a total estimated value of R$2.5 billion ($463 million), Aeris added, in a statement to the Securities Commission (CVM).

Source: Money Times

Conab sees up to 30.5% drop in Brazil’s coffee harvest in 2021

Brazil’s coffee harvest in 2021 is expected to be between 43.85 million and 49.58 million 60-kilo bags, a drop of between 21.4% and 30.5% compared to last year, projected by the state-owned Companhia Nacional de Abastecimento (Conab) in its first survey of the season. Arabica coffee production was estimated at between 29.7 million and 33 million bags, with a decline of between 32.4% and 39% compared to the previous year.

Source: 6 Minutes